OneMedNet (NASDAQ:ONMD) Insider Jeffrey Yu Purchases 24,319 Shares

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu bought 24,319 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were acquired at an average cost of $0.85 per share, with a total value of $20,671.15. Following the transaction, the insider owned 7,029,143 shares in the company, valued at approximately $5,974,771.55. This represents a 0.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey Yu also recently made the following trade(s):

• On Thursday, September 25th, Jeffrey Yu purchased 1,250 shares of OneMedNet stock. The shares were acquired at an average cost of $1.03 per share, for a total transaction of $1,287.50.
• On Wednesday, September 24th, Jeffrey Yu acquired 17,200 shares of OneMedNet stock. The shares were acquired at an average price of $1.02 per share, with a total value of $17,544.00.
• On Tuesday, September 23rd, Jeffrey Yu acquired 5,700 shares of OneMedNet stock. The stock was acquired at an average cost of $0.93 per share, with a total value of $5,301.00.
• On Monday, September 22nd, Jeffrey Yu bought 400 shares of OneMedNet stock. The stock was acquired at an average cost of $0.95 per share, for a total transaction of $380.00.
• On Friday, September 19th, Jeffrey Yu bought 1,250 shares of OneMedNet stock. The shares were acquired at an average price of $0.89 per share, for a total transaction of $1,112.50.
• On Thursday, September 18th, Jeffrey Yu purchased 700 shares of OneMedNet stock. The shares were acquired at an average cost of $0.91 per share, with a total value of $637.00.
• On Friday, September 5th, Jeffrey Yu purchased 2,100 shares of OneMedNet stock. The stock was bought at an average price of $0.86 per share, with a total value of $1,806.00.
• On Thursday, September 4th, Jeffrey Yu acquired 11,810 shares of OneMedNet stock. The stock was bought at an average cost of $0.87 per share, for a total transaction of $10,274.70.
• On Wednesday, September 3rd, Jeffrey Yu acquired 11,670 shares of OneMedNet stock. The shares were bought at an average price of $0.81 per share, for a total transaction of $9,452.70.
• On Friday, August 29th, Jeffrey Yu bought 10,890 shares of OneMedNet stock. The stock was bought at an average price of $0.82 per share, with a total value of $8,929.80.

OneMedNet Stock Performance

Shares of NASDAQ:ONMD traded down $0.04 during mid-day trading on Wednesday, hitting $1.42. 298,140 shares of the company traded hands, compared to its average volume of 762,577. The firm’s 50 day simple moving average is $1.77 and its 200 day simple moving average is $0.99. The firm has a market cap of $72.43 million, a P/E ratio of -28.40 and a beta of 1.09. OneMedNet Corporation has a 52-week low of $0.30 and a 52-week high of $4.22.

OneMedNet (NASDAQ:ONMD) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $0.18 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ONMD shares. Wall Street Zen raised shares of OneMedNet to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings restated a “sell (d-)” rating on shares of OneMedNet in a research note on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of OneMedNet

Several institutional investors have recently added to or reduced their stakes in the stock. Exencial Wealth Advisors LLC grew its holdings in OneMedNet by 3.1% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 1,491,862 shares of the company’s stock worth $851,000 after acquiring an additional 45,448 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of OneMedNet during the third quarter worth about $25,000. Finally, Correct Capital Wealth Management acquired a new position in OneMedNet in the third quarter worth about $4,910,000. 0.95% of the stock is owned by institutional investors and hedge funds.

OneMedNet Company Profile

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences.